CBSE BOARD XII, asked by mukulparmar778, 3 months ago

IN ABSENCE OF PARTNERSHIP AGREEMENT INTREST ON DRAWINGS CHARGED AT

Answers

Answered by divyanshikhandwal

Answer:

will not be charged

Interest on drawings is the interest charged by the firm on the money withdrawn by the partners for their personal purpose. If there is no provision in the partnership deed relating to interest on drawings no interest will be charged by the firm.

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